I have an iq of 155 according to various respectable online sources and I still have no fucking idea what exactly the DAO did was supposed to be doing.

Thankfully I was smart enough to stay out of shit I don't understand unlike all the retards who fell for it.

15 months ago

BinaryMan

Even if they hadn't done all this shit to try to get the dao coins back, it still would've been possible. So if the devs can at any time decide to just do whatever, what even is the point of a decentralized currency?

15 months ago

ZeroReborn

don't be afraid. he will guide you through it all. he will make you rich beyond your wildest dreamshe has been sent here for a reason

15 months ago

Dreamworx

@Snarelurecool story smartypants wagecuckthen why didn't you shortbtw shorted just before the dip

15 months ago

SniperWish

@ZeroReborn This. Vitalik is the son of Satoshi. He was sent by the crypto gods to save humanity from the financial establishment.

@VisualMaster Just look up the halting problem on wikipedia.Not this shit again.Tldr for any non trivial program in a turing complete language it is impossible to fully predict its behaviour.That's not what it means, it is definitely provable for a large class of programs if/under what conditions they will halt. It's just that there's no single, general algorithm that will do this for every program.Besides, programs on the ethereum blockchain need gas to run, so if they run out of gas and stall that's your own problem and you're a shit programmer.

15 months ago

ZeroReborn

@cum2soonPlease name this class of programs and how this set overlaps with the fantastic financial smart contracts that ethereum would bring into the world.

Besides the halting problem shows that even a seemingly trivial problem (does this program stop at some point in time or not) is undecidable. We can infer that bigger issues (such as provable security) are going to be undecidable as well...

This is the reason programming languages exist that are made simpler and decidable ON PURPOSE. So you can PROOF it has certain security properties. You can never PROOF thus for Ether except for trivial programs FOR WHICH YOU DIDNT NEED ETH IN THE FIRST PLACE.

15 months ago

StonedTime

@SnarelureThe idea was that you invest your ethers in a big coded pot, that allowed all contributors to vote on what the money is used for...

people then suggest what to do with the money, the community votes (again, all coded) on what to do with the money.. The returns on the investment are funnelled back to the investors.

The problem was the coded pot (called the DAO) allowed you to make little -sub- pots inside it under your control. and the hacker moved millions into his own 'sub-pot'.

The big pot and all sub pots don't allow withdraws out of the pot for 30 days, and so we had a 30 day grace period to figure out what the fuck to do.

B) It was coded/created by the same people that were to be its first big 'investment'.

The idea that it was 'uncontrollable' and basically free code that would run regardless of laws or any sort of central control blew up in their faces because now they can't just 'patch' any errors in the code. (especially ones that allowed people to make the sub-pot DAOs).

They can however turn the clock back on the underlying 'engine' (ethereum) that this whole platform is running on.

15 months ago

Methshot

@ZeroReborn This is the reason programming languages exist that are made simpler and decidable ON PURPOSE. So you can PROOF it has certain security properties. You can never PROOF thus for Ether except for trivial programs FOR WHICH YOU DIDNT NEED ETH IN THE FIRST PLACE.Yea, this is the point of ethereum.Please name this class of programs and how this set overlaps with the fantastic financial smart contracts that ethereum would bring into the world.Basically any human-created program that works as intended. I really don't get why you guys keep bringing up the halting problem. It's like new-agers using gödel's incompleteness theorem to justify whatever bs.

15 months ago

BinaryMan

@Poker_Starjudging from his picture you'd think he would be more principled

REBOOT this bitch. Fuck the Nocoiner and BTC shills screaming HF compromises our libtard principles. Get the ETH..dump that shit. BUY the motherfucking dip from hell and sit back and make bank watching ETherium retake its rightful place as the blockchain dap platform that dreams are made of.

15 months ago

FastChef

@lostmypasswordretake its rightful placethat would be in the sad dump of forgotten things

I put ~$30 worth of bitcoin into Ethereum during the presale and made bank. Same thing with Mastercoin back in the day: bought in at .01 BTC, sold at ~.2 BTC.

With these ambitious trash coins it's worth it to have a bit of exposure just on the off chance they are wildly successful.

Personally I'm looking to buy Ether when the price is under $7 or so.

Also, does ETH's functionality have any real competition?

Counterparty has been teasing Ethereum-like functionality for a while now, but it's a trash coin with a limited future. IBLT will make the coin worthless.

15 months ago

Poker_Star

@Soft_memberBuy ethereumGreat dev teamno noteworthy competition to speak ofAnd actually usefullThe dao "hack" was just that: a "hack" of the dao, a smart contract that was poorly designed, not an actual hack of ethereumBillion dollar market cap and millions in trading volume

15 months ago

Methnerd

@Poker_Star@kizzmybuttThanks for the input, I'm still trying to catch up on what's going on with Eth here but if I'm lucky to see more drama or another significant dip I will look into buying.

15 months ago

DeathDog

@Soft_memberSo is Ethereum's innovations upon the blockchain really something seriously *nextlevel*?it solves a problem nobody needed to be solved.our life will not be affected by anything eth can do or not do on it's own.

once you plug in outside sources of information (so it can actually do something worth wile) you reintroduce centralization and trust into a decentralized trust-less ecosystem.

15 months ago

haveahappyday

@MethnerdWait until july the 12th. There will be a dip as dao holders get their eth back